INFY spot cmp :- 1239 Counter is trading at perfect trading levels of 1230-1240,,long can be created at this levels,, with stoploss of 1220 on closing basis. upside 1270-1290-1320 can be seen. Closing below 1220 would lead counter to levels of 1160-1140.. shorts can be created below 1220 level with short above 1240 levels..
TCS spot cmp 3111 :- Lastly we shared a short trade around 3300 levels for targets of 3200 and 3113 as of now all targets hit. Now counter is trading at support range of 3095 to 3115, long can be created in this range with stoploss of 3090 on closing basis.. upside counter can give move till levels of 3180-3210,, Closing below 3090 counter can fall further to...
KOTAK BANK spot cmp 1713 :- Counter is trading at perfect support levels of 1695 to 1715, previous life time high was around this levels,, which can act as good support levels,, if counter manage to sustain around this levels , upmove till levels of 1800-1850-1900-1940 can be seen. Stop loss for this long trade should be 1690 on closing basis,, If counter breaks...
MARUTI spot CMP 7206 Counter is trading at perfect support zone of 7160 to 7210,, if manage to sustain around this levels can see good upmove till levels of 7550 and above that 7700-7800 also possible,, stoploss for any long trade around this levels would be 7150 on closing basis.. Breaking 7150 on closing basis counter can slide down to levels of 6900-6800-6700...
Hdfc ltd spot cmp 2377 :- Counter is trading around good support levels,,if manage to sustain above 2336 levels than a bounce can be seen to levels of 2450-2500-2550-2600.. Once breaks levels of 2336 on closing basis fall till levels of 2200-2165 possible..
Tatasteel spot cmp 690 Bearish bat pattern formation. PRZ 695 to 708 levels stoploss 731 on closing basis Targets open till 620-580*555 levels...
Tcs spot cmp 3300 Counter is trading around supply line resistance. counter have given good breakout from previous peak point of candle A,, if observed candle U have given breakout but volume of candle U is lower than candle A, and no follow through buying seen after the breakout candle,, also prices not able to hit the supply range indicates supply is overtaking...
DRREDDY spot cmp 4994 Good long candidate ,, counter is trading at support levels of demand line and horizontal support line ,, in last swing counter is making bullish divergence in RSI indicator ,, go long at current levels with stoploss of 1% in 15min candle closing basis..
BANK NIFTY SPOT AT 30800 Good support zone ,, if manage to sustain at this levels good bounce is possible.. if trade is taken maintain stoploss of 30700 levels and go long at this levels,,,
Bosch spot cmp 13600 Symmetrical triangle pattern breakout,, Dont miss
Grasim spot cmp 1010 Bearish equivalent AB = CD pattern formation, PRZ zone in range 1030-1040, pattern violation above 1050 on closing basis.. down side breaking 995 which is nearest local support ,, weak ness in counter can be observed till levels of 950-920 levels.. Good short candidate..
Maruti spot cmp 7850 Small local level of support around 8025 was seen in counter, As counter have given breakdown from local support levels can assume distribution at higher levels done by strong hands,, no at the moment counter is trading around support levels of previous swing high,, so if counter breaks this support zone more selling can be seen or if counter...
Infy spot cmp 1313 Need to break below 1300 levels and sustain for 15 to 30 mins,, can slide to levels of 1260-1240,, below 1240 can see more weakness in counter....
Bajaj finserve on verge to break recent support levels,, if enters the previous channel get ready for retracement of previous rally from 5500 levels,,,
TCS spot cmp 3100 Bearish Crab pattern formation. Alternate 1.618AB = CD pattern formation. PRZ in zone 3060 to 3115 SLZ zone Above 3180 Down side 2920-2800 possible. Reversal confirms below 3060 levels..
Godrej CP good long candidate. Inverted head and shoulder pattern formation. Neckline breakout above 765 levels, Trade violation below 715 levels. Can give a good move towards levels of 800-820-840-880 levels.
USDJPY SPOT CMP 103.33 Double bottom formation with bullish divergence in RSI Good to go long in range 103-102.80 View gets neglected below 102.5 upside 104-104.5-105 possible Good long candidate.....
USDCAD SPOT CMP 1.27595 Falling wedge pattern,, either wait for retest of previous low for double bottom formation,, or wait for current wedge pattern breakout,, trade accordingly Good long candidate,,,,